Princeton Digital gets green loan for Asia AI hub

Princeton Digital said the deal marked its first so-called green loan. — Bloomberg

KUALA LUMPUR: Princeton Digital Group secured a US$280mil green loan to help finance a US$1.5bil data centre it’s building in southern Malaysia, a first for the Asian infrastructure operator as it aims to get that complex operational by June.

The Warburg Pincus-backed company, which builds and operates server facilities around the region, secured the financing from Maybank, Standard Chartered Plc and United Overseas Bank Ltd.